Latest London Headlines
All the headlines from our London Topic Page, ordered by recency.
Aon Taps Willis Towers Watson’s Carpenter for Global Super Yacht Leader in London
Feb 4 2020 // Insurance broker Aon has appointed Emma Carpenter as global super yacht leader. She will join Aon in London in early March and will drive the development of Aon’s super yacht insurance broking business...
A Divided Britain Must Now Seek New Identity Outside European Union
Jan 31 2020 // At 10 a.m. inside Aux Merveilleux de Fred, a patisserie in the heart of London’s French quarter, the air is thick with the aroma of butter. Aicha Boubakri, 30, is arranging neat rows of pastel-colored cream pastries...
Many Global Firms Face High Coronavirus Costs Due to Insurance Exclusions
Jan 29 2020 // Many global companies from hotels and airlines to industrial houses are expected to have to foot the bill for disruptions caused by a new coronavirus in China, with epidemics usually excluded from insurance cover, experts...
Firms Involved in Building Work on London’s Grenfell Tower Take No Blame for 2017 Fire
Jan 29 2020 // Firms involved in building work on London tower bloc that caught fire have sidestepped any responsibility for the 2017 tragedy that killed 72 people, a lawyer for the inquiry said. As the second phase of an inquiry into...
Factbox: What’s Ahead for UK Financial Services Sector and Brexit Trade Deal?
Jan 28 2020 // Britain leaves the European Union at 2300 GMT on Friday but has yet to negotiate a deal on future trading relations with the bloc. The EU is Britain’s biggest market for financial services, worth about 26 billion...
Uber in London Failed to Flag Assault Complaints, Monitor Drivers’ Insurance Status
Jan 24 2020 // London’s main transportation regulator has released a scathing document detailing why it moved to ban Uber Technologies Inc. from operating in the city. The regulator lists several safety concerns, including the...
Specialist MGA CFC Acquires London Insurtech Firm, ThreatInformer
Jan 23 2020 // CFC, the specialist managing general agent, announced it has acquired the London-based insurtech firm, ThreatInformer. Leveraging a combination of artificial intelligence and machine learning, ThreatInformer’s data...
Sompo International Hires Allied World’s James to Run International Insurance Business
Jan 23 2020 // Sompo International Holdings Ltd., a Bermuda-based specialty property and casualty re/insurer, announced that Julian James will soon join the organization to lead the London market and international insurance...
Pandemic Fears Grow as China Steps Up Efforts to Control New Flu-Like Coronavirus
Jan 22 2020 // Deaths from China’s new flu-like virus rose to nine on Wednesday with more than 470 confirmed cases, heightening global fears of contagion from an infection suspected to have come from animals. The previously unknown...
Climate Change, Cyber Warfare Risks Are Key London Market Issues for 2020: IUA
Jan 3 2020 // Climate change and cyber warfare risks are two key London market issues highlighted by the International Underwriting Association (IUA) in its business plan for 2020. The association said it is establishing a new market...
City of London’s Unity Begins Cracking over Brexit Trade Deal: Opinion
Dec 23 2019 // Boris Johnson’s triumphant U.K. election victory makes Brexit a near certainty next month. For the City of London, Britain’s split from its biggest trading partner is a huge leap into the unknown; one that will...
U.K. Names Bailey as Bank of England Chief, Succeeding Carney
Dec 20 2019 // Andrew Bailey will be the next head of the Bank of England after the government chose to replace Mark Carney with the U.K.’s top financial regulator, just as Britain faces the next phase of Brexit. He’ll start...
Uber Appeals Denial of License in London
Dec 16 2019 // Uber submitted an appeal on Friday against a decision by London’s transport regulator to strip the taxi app of its right to operate in one its most important markets, setting up a potentially lengthy legal process...
Victor Launches Lloyd’s Syndicate 2288; Frances Named Active Underwriter
Dec 10 2019 // Victor Insurance Holdings, managing general underwriter, has received approval from Lloyd’s if London to establish Victor Syndicate 2288 and commence underwriting effective January 1, 2020 with stamp capacity of...
After Oil Field Attacks, Saudi Aramco Seeks Terrorism Insurance from London Market
Dec 4 2019 // Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters. Aramco, the world’s largest oil...
Wholesale Broker H.W. Kaufman Acquires UK MGA Barbican Protect
Nov 27 2019 // H.W. Kaufman Group, the Farmington Hills, Mich.-based wholesale broker and managing general agent, announced the acquisition of Barbican Protect Ltd., as part of its continued expansion into the UK market, subject to...
AXA XL Buys London-Based Title Insurance Agency, Agrees to Buy Mexico Title Insurer
Nov 27 2019 // AXA XL announced it has completed the acquisition of Secure Legal Title Ltd., a London-based insurance agency and Lloyd’s approved coverholder, with operations in the U.K., Europe, India and the Americas. Founded in...
Uber’s London License Ban Marks Global Regulatory Backlash for Ride-Hailing Firms
Nov 27 2019 // Uber Technologies Inc. and its rivals disrupted global transport, riding on a lack of regulation to drive exponential growth. Now, regulators are closing in. London’s transport authority banned Uber for a second time...
MS Amlin Launches New Operating Model and Senior Leadership Team
Nov 27 2019 // MS Amlin, the London-based re/insurer, announced a new operating model and senior leadership team in response to the recent decision by its parent company, MS&AD, to reorganize its international businesses. This...
Uber Loses London License for Failures on Safety and Security
Nov 25 2019 // The Uber ride-hailing service was stripped of its London operating license on Monday for the second time in just over two years, subject to appeal, after the regulator found a “pattern of failures” on safety...
